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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Sound Energy Plc | LSE:SOU | London | Ordinary Share | GB00B90XFF12 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.001 | 0.12% | 0.818 | 0.838 | 0.88 | 0.818 | 0.70 | 0.758 | 16,393,375 | 10:59:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 0 | 4.97M | 0.0026 | 3.15 | 15.71M |
TIDMSOU
RNS Number : 0015I
Sound Energy PLC
14 June 2017
14 June 2017
Sound Energy plc
("Sound Energy" or the "Company")
Update re Badile
Sound Energy, the African and European focused upstream gas company, is pleased to provide an update on the drilling of the Badile exploration well, onshore Italy.
The Badile well has reached the primary Conchodon dolomitic reservoir target at 4,375m measured depth ("MD"). Significant gas shows were encountered at 4,375m MD. Gas chromatograph data indicated C1 (methane) to C5 (pentane) gas components.
Drilling in the 8.5" hole section has now been temporarily paused, ahead of running the 7" liner, after which drilling will continue to the bottom of the reservoir. The Company cautions that gas shows, despite being a positive initial indication, should not be considered conclusive until drilling and logging is complete.
A further announcement will be made, as appropriate, in due course.
For further information please contact:
Vigo Communications - PR Adviser Tel: +44 (0)20 7830 9700 Patrick d'Ancona Chris McMahon Alexandra Roper Sound Energy j.parsons@soundenergyplc.com James Parsons, Chief Executive Officer Smith & Williamson - Nominated Adviser Tel: +44 (0)20 7131 4000 Azhic Basirov David Jones Ben Jeynes RBC - Broker Tel: +44 (0)20 7653 4000 Matthew Coakes Martin Copeland Laura White
The information contained in this announcement has been reviewed by Sound Energy's Executive Vice President, Brian Mitchener, a chartered petroleum geologist.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
June 14, 2017 02:00 ET (06:00 GMT)
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